A feasibility study for a gold store, gold is considered one of the most expensive and most valuable types of metals that are bought in abundance, if the goal is to preserve money or the desire of women to wear it for decoration. You have a feasibility study for a gold store.
Feasibility study for a gold store
The feasibility study of the gold store project is very important, as this study works on the success of the project, and the importance of the feasibility study increases in this type of project, as it is an expensive project, and its loss is heavy and may destroy a person.
The role of the feasibility study is to work on raising the awareness of the project owner, and arranging the steps that he is supposed to follow. In addition, the feasibility study places all the advantages and disadvantages in the hands of the project owner, based on which the start of the project is determined or not.
As for how to implement a feasibility study for the gold store project, its owner can conduct it on his own, or resort to companies specialized in the field of feasibility studies, but let us tell you the advice of this project needs a company with long experience in this field to ensure you the success you want to achieve .
It would be preferable if a company such as (Al-Taqnia) specialized in conducting adequate feasibility studies for various investment and service projects. The Technology Company has more than 10 years of experience in this field, along with a full team of the most skilled experts and specialists in the implementation of the feasibility study.
So you can rely on it to implement a feasibility study for a place of gold and you are completely assured, in addition to that, it gives you suggestions and alternative plans in the event of unexpected losses to the project.
The technology company also provides many other services that any investor may need to fly his project in the sky of success, the most prominent of these services are providing administrative and economic consultancy in various fields and sectors.
A feasibility study for a gold store
The Mahal Dahab project is one of the projects that requires several tools that represent an important factor in the success of the project. These data include the following:
Conducting a study of the market and its needs:
The study of the market and its requirements and the extent of consumer demand for the commodity being sold is one of the important foundations for conducting a feasibility study, so the project owner must do a good study of the market.
A market study is conducted by studying the area in which the project owner expects to reside, in addition to knowing whether there are other gold shops in it or not, and the extent of the possibility of competing with this shop or not, as well as knowing the capabilities of the project owner.
Choosing the right location for the project:
A suitable location must be chosen for the gold store in order to attract the largest possible number of customers, as the main interface of the store is its location.
It is preferable to buy the shop in a place where there are a number of shops, or places where there are a large number of people on a daily basis.
It is possible to choose the location of the gold store near the high-class places or hotels, in order to achieve greater success.
As for the area of this project, it is simple, as it is possible to rely on a shop whose area is about 15 or 20 meters, that space can accommodate the amount of gold well, and the higher the profitability of the project, the more space can be expanded.
Requirements for gold shops
Among the requirements of the feasibility study for gold shops are the following:
Providing project supplies:
The gold shop project requires some basic supplies in order to become an eye-catching gold shop, and these requirements include:
Buy glass shelves in order to put gold jewelry on them to display.
Purchasing quantities of jewelry in various and attractive forms. It is also preferable to work on renewing them from time to time to suit different tastes.
And the purchase of a distinctive glass window to display the gold jewelry through it.
Purchasing a desk in order to put money in it and a gold scale in order to weigh the gold on it, in addition to a magnifying glass to identify the gold carat.
A full insurance must be made for the shop so that it is not exposed to any theft, and insurance is provided by specialized companies from the insurance side.
All necessary licensing procedures for the establishment of the project must be completed so that the owner is not subjected to legal accountability.
Good Marketing for Gold Store:
This project requires distinct marketing in order to be able to attract people to the store, including:
Design a large sign and place it on the front of the store, and the name of the store and its contact number are written.
Make special decorations in the shop.
Making propaganda papers and distributing them to passersby and pasting them on walls in the streets.
Create a page on various social networking sites, and display the most beautiful collections of gold jewelry available in the shop.